The ESOP Promotion and Improvement Act of 2007 was introduced earlier this year by Senator Blanche Lincoln (D) of Arkansas. 

 

Now is the time to contact your Senators and talk to them about this legislation. In light of the legislation introduced by Representative Charles Rangel, now is the time to reach out to your member of Congress.  Contact their office and ask to arrange a visit to your company. If you can’t arrange a visit to your company, make an appointment to go see them, or send a letter from the employee owners telling him/her why the ESOP is so important to your company and employee owners and what they can do to keep these jobs in their community.

 

Currently, four individuals have co-sponsored the bill:

 

Senator Mike Crapo, Republican, Idaho

Senator Mary Landrieu, Democrat, Louisiana

Senator Patrick Leahy, Democrat, Vermont

Senator Sheldon Whitehouse, Democrat, Rhode Island

 

If you would like additional information about S. 1322, visit the Association’s website at http://www.esopassociation.org/pdfs/FAQ_S_1322.pdf. If you would like contact information for your members of Congress, visit the House of Representatives website at http://www.house.gov/ and the Senate website at http://www.senate.gov/.